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Wealth of S'pore's 50 Richest Rises 23%, Led by Eduardo Saverin
The Straits Times
|September 05, 2025
Singapore's tycoons saw their collective wealth rise by over 23 percent to US$239 billion (S$308 billion) from US$195 billion in 2024.
Forbes' 2025 list of Singapore's 50 richest attributed the boost to the Republic's better-than-expected economic growth of 4.3 percent in the first half of 2025, thanks to export front-loading amid tariff-related uncertainties.
Mr Eduardo Saverin, co-founder of Meta Platforms, is the biggest dollar gainer in 2025, retaining pole position for the third consecutive year with a net worth of US$43 billion.
The Singapore permanent resident's wealth increased US$14 billion from 2024, driven by an artificial intelligence-fuelled advertising jump that caused Meta shares to surge. Real estate magnate Kwek Leng Beng and his family rose two spots to No. 2, with the family's fortune climbing 24 percent to US$14.3 billion on new information about the clan's holdings.
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